California and Mexico Sign Pact to Strengthen Economic Ties

Published: Jul 30, 2014

MEXICO CITY – On the final day of the California Trade and Investment Mission to Mexico, Governor Edmund G. Brown Jr. signed a broad agreement with Mexico’s Ministry of Economy to expand trade between businesses in Mexico and California.

“For California business, Mexico represents incredible opportunity,” said Governor Brown. “And with today’s agreement, we lay the foundation for job-creating investments that will benefit the people of California and Mexico.”

The agreement will boost economic, cultural and academic cooperation between California and Mexico, with an emphasis on advanced manufacturing, alternative energy, health and biotechnology, education, agricultural technology and tourism.

The agreement will also enable Mexican companies to access California’s Innovation Hubs (iHUB), an innovation network that includes 16 clusters of research parks, technology incubators, universities and federal laboratories along with economic development organizations, business groups and venture capital funds.

The Governor first announced the Trade and Investment Mission to Mexico in his 2014 State of the State address and met with Mexican Consuls General from cities across California in March. Last week, ahead of the trip, Governor Brown met with Mexico’s Secretary of Foreign Affairs José Antonio Meade Kuribreña in Sacramento and invited Mexican President Enrique Peña Nieto to meet later this year in California.

The Governor is joined on the Trade and Investment Mission to Mexico by a delegation of state legislators and senior administration officials. A delegation organized by the California Chamber of Commerce with the help of the California Foundation for Commerce and Education that includes approximately 90 business, economic development, investment and policy leaders from throughout California is also participating in the trade mission.